Iofina’s iodine production up 90% over 2014
Published: Tuesday, 13 January 2015
Iofina’s growth comes in spite of the pressure put on its oilfield brine sources by the declining oil prices and its own scheduling problems in mid-2014. It expects to maintain its presence in the US and output growth in 2015, regardless of the wider challenges facing the fossil fuel industry.
UK-listed Iofina Plc extracted 327.7
tonnes crystalline iodine from oilfield waste brines in 2014, a
90% increase on the 171 tonnes it extracted in 2013.
Iofina has therefore hit the target it set itself in
September of between 325 and 350 tonnes, a goal that was
reduced from earlier predictions due...